PROP 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

PROP ▼ -42.38% at T+20d

LONG call ✗ call lost -42.38% · α vs SPY -51.80% · entry $2.03 → $1.17

Next anchor: T+60d in 5w

Last close $0.9520 (close May 22) · -53.10% from $2.03 entry

Entry anchored
Mar 30, 03:59 PM ET
via Databento tick

T+1d

+11.33%

call +11.33% · α +10.58%

$2.26

settled 8w ago

T+5d

+3.45%

call +3.45% · α -0.50%

$2.10

settled 7w ago

T+20d

-42.38%

call -42.38% · α -51.80%

$1.17

settled 26d ago

T+60d

—

call — · α —

—

in 5w

Price Chart

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Executive Summary

Prairie Operating Co. reported full-year 2025 results with revenue of $241.6 million and Adjusted EBITDA of $155.5 million, a 975% year-over-year increase driven by the Bayswater acquisition and production growth. The company initiated 2026 guidance with Adjusted EBITDA of $240–260 million and exited 2025 at 28,000 Boe/d production.

Actionable Insight

Monitor 2026 production ramp and EBITDA delivery against guidance; strong operational execution and capital efficiency suggest potential for upward revisions.

Key Facts

Revenue of $241.6 million in 2025 (3,000% YoY growth), including $315 million pro forma for Bayswater acquisition
Adjusted EBITDA of $155.5 million (975% YoY growth), with pro forma EBITDA of $220 million
Initiated 2026 guidance: Adjusted EBITDA of $240–260 million, production of 25,500–27,500 Boe/d
Exited 2025 at 28,000 net Boe/d production, up from 23,029 Boe/d in Q3
Capital expenditures of $183.4 million, ~35% below midpoint of 2025 guidance

Financial Impact

Revenue up 3,000% YoY to $241.6M, Adjusted EBITDA up 975% to $155.5M, with 2026 EBITDA guidance of $240–260M

revenueebitdaproductioncapex

Risk Factors

Net loss of $60.9 million in 2025 despite EBITDA growth
Heavy reliance on acquisitions (Bayswater) for growth

Market Snapshot

Exchange

Nasdaq

Sector

Crude Petroleum & Natural Gas

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001140361-26-012029
Document: ef20068429_8k.htm	0001140361-26-012029
Document: 0001140361-26-012029-index-headers.html	0001140361-26-012029
Document: 0001140361-26-012029-index.html	0001140361-26-012029
Document: 0001140361-26-012029.txt	0001140361-26-012029
8-K Data (Synthetic)	0001140361-26-012029

12 reports for PROP

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for PROP — sortable, filterable
	Type				Now
May 14, 2026 9d ago	Press Release NEUTRAL ★ 5/10	$1.03 awaiting T+5	awaiting T+5	—	$0.9520 (−7.57%)
May 7, 2026 16d ago	Press Release NEUTRAL ★ 2/10	$0.9300 $1.01	▲ +8.60%	▲ +7.14%	$0.9520 (+2.37%)
Apr 23, 2026 4w ago	DEFA14A MIXED ★ 7/10	$1.19 $1.23	▲ +3.36%	▲ +1.88%	$0.9520 (−20.00%)
Apr 22, 2026 4w ago	Press Release NEUTRAL ★ 3/10	$1.19 $1.23	▲ +3.36%	▲ +1.88%	$0.9520 (−20.00%)
Apr 9, 2026 6w ago	8-K BEARISH ★ 7/10	$1.38 $1.31	▲ +5.07%	▲ +8.26%	$0.9520 (+31.01%)
Apr 9, 2026 6w ago	Press Release MIXED ★ 6/10	$1.38 $1.31	▼ −5.07%	▼ −8.26%	$0.9520 (−31.01%)
Apr 7, 2026 6w ago	8-K BEARISH ★ 6/10	$2.50 $1.28	▲ +48.80%	▲ +54.13%	$0.9520 (+61.92%)
Apr 7, 2026 6w ago	Press Release NEUTRAL ★ 3/10	$2.50 $1.28	▼ −48.80%	▼ −54.13%	$0.9520 (−61.92%)
Mar 30, 2026 7w ago	8-K BULLISH ★ 8/10	$2.03 $2.10	▲ +3.45%	▼ −0.50%	$0.9520 (−53.10%)
Mar 30, 2026 7w ago	Press Release NEUTRAL ★ 3/10	$2.03 $2.10	▲ +3.45%	▼ −0.50%	$0.9520 (−53.10%)

US Market Status

Market Closed — Opens Tue (35h 16m)

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